Just-in-Time (JIT)

Just-in-Time (JIT) is a production and inventory management system that aims to minimize inventory levels and costs by producing goods or delivering services only as they are needed, in response to customer demand. JIT systems emphasize efficiency, waste reduction, and continuous improvement, relying on tight production schedules, lean processes, and synchronized supply chains. JIT principles originated in manufacturing but have since been applied to various industries and business functions.